Stocks Drop Ahead of Hormuz Blockade as Earnings Season Begins
US equities opened lower as optimism about a swift resolution to the Iran war faded after the failure of negotiations over the weekend, pushing up oil prices and inflation expectations, while first-quarter earnings season kicked off with disappointing report from Goldman Sachs Group Inc.
US equities opened lower as optimism about a swift resolution to the Iran war faded after the failure of negotiations over the weekend, pushing up oil prices and inflation expectations, while first-quarter earnings season kicked off with disappointing report from Goldman Sachs Group Inc.
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